Concentra Group Holdings Parent, Inc. (CON) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and thank you for joining us today for Concentra Group Holdings' Parent Incorporated Earnings Conference Call to discuss the first quarter 2025 results. Speaking today are the company's Chief Executive Officer, Keith Newton, and the company's President and Chief Financial Officer, Matt Picagno. Management will provide an overview and then open the call for questions. Before we get started, we would like to remind you that this conference call may contain forward-looking statements regarding future events or the future financial performance of the company, including, without limitation, statements regarding operating results, growth opportunities and other statements that refer to concentric plans, expectations, strategies, intentions and beliefs. These forward-looking statements are based on the information available to management of Concentra today, and the company assumes no obligation to update these statements as circumstances change. At this time, I will turn the conference over to Mr. Keith Newton. Sir, the floor is yours. Thanks, operator. Good morning, everyone. Welcome to Concentra's first quarter 2025 earnings call. We had a very successful first quarter to start the year. Today we'll talk about three key trends we saw in our business. First, solid visit growth, including a positive reversal in our employer services visits. Secondly, strong rate growth. And finally, significant corporate development activity. We have always referred to these as our key growth drivers, and this quarter all were nicely trending together. One thing to note, Given that the NOVA Medical Center's acquisition closed on March 1, 2025, and thus we are only reflecting one month of its results in the first quarter, we will talk about some of our results this quarter with...